- Amcor PLC AMCR reported FY21 sales growth of 3.2% year-on-year, to $12.86 billion.
- Flexibles revenue increased 3% Y/Y, and Rigid Packaging rose 4%.
- Gross profit rose 7.7% Y/Y to $2.7 billion with a profit margin of 21.2%.
- The operating margin was 10.3%, and operating income for the quarter rose 32.9% to $1.3 billion.
- Adjusted Free Cash Flow for FY21 was $1.1 billion. The net debt totaled $5.4 billion as of June 30, 2021.
- Adjusted EBITDA of $2 billion increased 6% Y/Y.
- Adjusted EPS of $0.74 rose 15.6% Y/Y.
- Amcor Board declared a quarterly cash dividend of $0.1175 per share.
- Outlook: Amcor sees FY22 adjusted EPS growth of 7% - 11% Y/Y on a comparable constant currency basis.
- Amcor expects to allocate $400 million of cash towards share repurchases in FY22.
- Price Action: AMCR shares closed lower by 1.06% at $12.10 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in